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Financial planning
The Australian Banker’s Association has confirmed that the total cost of fee for no service remediation could exceed $1 billion....
Financial planning
After Royal Commission testimony revealing banks charged deceased clients fees, the Australian Banking Association has announced reforms to the Banking Code of Practice t...
Policy & Regulation
Industry superannuation funds are urging the imposition of greater comparability around fees, costs and performance to give transparency around advisers switching members...
Funds management
Fidelity International has cut the management fee on both the Fidelity Global Emerging Markets Fund and Fidelity Global Equities Fund to 0.99 per cent....
Policy & Regulation
The Royal Commission interim report has shone a light on the poor culture of licensees, particularly when it comes to charging fees for no service. ...
Financial planning
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has highlighted a toxic sales culture and a failure to regulate wrongd...
Financial planning
Major superannuation industry body, the Association of Superannuation Funds of Australia, says that grandfathered planning commissions should be outlawed after a 12-month...
Financial planning
Licensees should be required to annually report the make-up of financial services practice income so that the extent of grandfathered commissions can be properly assessed...
People & Products
With fee disclosure a key issue facing advisers, two financial advisers have formed a new company, PortfoliosDirect, which will allow advisers to offer a transparent, non...
Funds management
IFM Investors has announced that the firm’s outperformance has resulted in a global fee rebate....
Financial planning
A background paper on the sale of life/risk products provided to the Royal Commission has suggested life/risk advisers recommend in-house products in return for lower dea...
Funds management
Platform prices will never hit zero, but more transparency is needed, a panel of experts has told Money Management and Super Review’s Future of Wealth Management conferen...
Financial planning
National Australia Bank and MLC Limited were prepared to rely on the attestations of their financial advisers to help determine whether to refund clients on the basis of ...
Policy & Regulation
State Super Financial Planning, Bendigo Financial Planning and Yellow Brick Road have been added to the Australian Securities and Investments List of firms remediating fe...
Superannuation
A key witness for NULIS and MLC/NAB, Paul Carter, has admitted to the Royal Commission that adviser contribution fees imposed by the fund were “best described as a commis...
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Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...